| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $914M | $877M | $712M | 4.2% | 28.3% |
| Op. Income | $344M | $334M | $235M | 3.0% | 46.5% |
| Gross Margin | 62.4% | 63.7% | 61.5% | -1.2pp | 1.0pp |
| Net Margin | 27.7% | 27.2% | 24.7% | 0.6pp | 3.1pp |
| EPS (Diluted) | $1.61 | $1.52 | $1.12 | 5.9% | 43.7% |
| Free Cash Flow | $215M | $214M | $103M | 0.8% | 110.1% |
| Item | Amount |
|---|---|
| REVENUE | $914M |
| Cost of Revenue | $343M |
| GROSS PROFIT | $571M |
| R&D Expenses | $130M |
| Selling & Marketing | $0 |
| General & Administrative | $96M |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $226M |
| Cost & Expenses | $570M |
| OPERATING INCOME | $344M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $14M |
| EBIT | $350M |
| EBITDA | $358M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $914M |
| Cost of Revenue | $343M |
| GROSS PROFIT | $571M |
| R&D Expenses | $130M |
| Selling & Marketing | $0 |
| General & Administrative | $96M |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $226M |
| Cost & Expenses | $570M |
| OPERATING INCOME | $344M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $14M |
| EBIT | $350M |
| EBITDA | $358M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $254M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53.0K |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $225M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$397M |
| Sales/Maturities of Investments | $308M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$98M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$86M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$112M |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $956M |
| Short-Term Investments | $1.7B |
| Net Receivables | $805M |
| Inventory | $697M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $286M |
| Goodwill | $335M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $258M |
| Other Non-Current Assets | $190M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $139M |
| Short-Term Debt | $250M |
| Deferred Revenue | $326M |
| Other Current Liabilities | $325M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $63M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $161M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $494M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $702M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $3.0B |
| Net Debt | $2.0B |
